Page 28 - UKRRptAug19

5.2.1 Import/export dynamics
External 2007 2008 2009 2010 2011 2012 2013 2014 balance
2015 2016
2017 2018 E F
Exports (US$bn) 61.4 82.5 52.1 65.6 83.7 86.5 81.7 65.4 47.6 44.9 60.2 60.8
Imports (US$bn) 69.5 96.8 54 69.6 93.8 100.9 97.4 70 49 50.3 54.6 57.2
Trade balance -8.1 -14.4 -2 -4 -10.1 -14.3 -15.6 -4.6 -1.5 -2.9 -5.3 -6.4 (US$bn)
Trade balance -5.7 -7.8 -1.7 -2.9 -6.2 -8.2 -8.7 -3.5 -1.6 -5.8 -4.4 -5.9 (% of GDP)
Source: ICU
Russian exporters of coking coal obtained permits to export 500-550 tonnes of the material to Ukraine in July , according to the Metal Expert consultancy. The industry consultancy estimated that in June, Russian exports of coking and PCI coal to Ukraine amounted to only 30 tonnes due to restrictions introduced by Russia in April . Ukraine’s normal consumption of Russian metallurgical (coking and PCI) coal is 600-800 tonnes per month. As a result of June’s disruptions in coal supplies, Ukrainian importers of metallurgical coal turned to alternative suppliers from the US, Canada, Kazakhstan, Indonesia and Australia. This caused imports from Russia to remain low in the first two weeks of July at 164 tonnes, despite the permit issue having been solved, the consultancy added. In April, the Russian government imposed new restrictions on trade with Ukraine, specifically,
28 UKRAINE Country Report August 2019 www.intellinews.com